Providence, PA Economy


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Providence, PA is a vibrant and small city located in Lancaster County. It is home to many local businesses such as the Wertz Candies factory, which has been producing top quality confections for over 70 years. Other popular companies include Woodstream Corporation and Wabash Textiles. The city also offers a variety of attractions for visitors including the historic Strasburg Railroad, Spooky Nook Sports complex, and Dutch Wonderland amusement park. With its reasonable 2 bedroom rent prices of $1,380 and grocery cost index of 104 compared to the US rate of 100, Providence is an excellent place to live or visit.

Providence has an unemployment rate of 5.6%. The US average is 6.0%.

Providence has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.

Tax Rates for Providence
- The Sales Tax Rate for Providence is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Providence is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Providence
- The average income of a Providence resident is $22,986 a year. The US average is $28,555 a year.
- The Median household income of a Providence resident is $71,420 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyProvidence, PennsylvaniaUnited States
  5.66
  -5.4%-6.2%
  30.0%33.5%
  6.0%6.2%
  4.7%4.6%
  $32,055$37,638
  $71,420$69,021
  $78,453$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  15.2%6.8%
  19.3%10.0%
  1.0%2.5%
  13.0%11.0%
  5.1%4.8%
  1.0%0.8%
  1.5%1.9%
  4.6%4.7%
  3.0%1.9%
  3.7%7.6%
  0.0%0.1%
  2.2%4.2%
  3.5%9.3%
  12.6%14.0%
  0.0%2.1%
  6.6%7.0%
  3.5%4.8%
  2.0%4.7%
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